Fixed Deposits
Make your money work with clarity.
The rate is important. It is not the whole story - tenure, liquidity, tax and purchasing power shape what you keep.
Role of an FD
Know what you are locking in - and why.
Fixed deposits can preserve capital and create known cash-flows. They are rarely the whole portfolio.
Principal
The amount you place.
Interest rate
Important, but not the whole decision.
Tenure
Rate and tenure work together.
Maturity
Cumulative vs non-cumulative changes cash-flow timing.
Liquidity
What happens if you need the money early?
Emergency access
Match tenure to when the money is truly free - not when the rate looks attractive.
Partial vs full break
Issuer rules differ on breaking part of a deposit.
Auto-renewal
Silent renewals can lock money again without a fresh decision.
Laddering for flexibility
Staggered tenures can create natural liquidity windows.
Premature withdrawal
Breaking an FD has a cost - know it before you book.
- Interest for the completed period may be paid at a lower applicable rate
- A penalty or rate reduction may apply per issuer terms
- Tax already deducted may still need reconciliation
- Process usually needs a request, verification and settlement timeline
Laddering
Split tenures to improve flexibility.
Illustrative example only: instead of one 5-year deposit, split across 1, 2, 3 and 5-year buckets so part of the money matures sooner.
| Bucket | Share of capital | Role |
|---|---|---|
| 1 year | 25% | Near-term liquidity |
| 2 years | 25% | Short planning window |
| 3 years | 25% | Medium stability |
| 5 years | 25% | Longer rate lock |
Comparison
Bank FDs and corporate / NBFC FDs are not identical.
| Feature | Bank FDs | Corporate / NBFC FDs |
|---|---|---|
| Issuer | Scheduled banks | NBFCs / corporates |
| Typical rate context | Often lower | Often higher for similar tenures |
| Deposit protection | DICGC framework may apply (within limits) | Generally no DICGC cover - credit quality matters |
| Key check | Bank strength + tenure fit | Credit rating, issuer strength, official rate source |
NBFC FD rate slab
Current indicative rates (1–5 years)
Current NBFC FD rates are verified with an advisor before booking. Published issuer rates will appear here once updated from official sources - we never hard-code rates on this page.
Calculators
Run the numbers before you lock a tenure.
Illustrative estimates only. Actual rates, compounding and tax treatment vary by institution and investor.
Enter a verified rate - do not rely on a hardcoded default.
Shows gross interest, illustrative tax, net interest, post-tax return and inflation-adjusted purchasing power. Not tax advice.
Purchasing power
A guaranteed amount is not the same as guaranteed purchasing power.
Illustration only. Compare nominal return with inflation and tax before deciding the role of an FD.
Today
Rs 10 lakh purchasing power.
10 years
About Rs 17.91 lakh may be needed at 6% inflation.
Real return
Look at what money earns after inflation.
Post-tax
The rate you see is not necessarily what you keep.
Compare the whole deposit
Do not choose on headline rate alone.
Rate & tenure
Do they match the money's job?
Liquidity
What happens if you need funds early?
Payout
Cumulative growth vs regular interest.
Tax impact
Interest income has applicable tax treatment.
Laddering
Splitting tenures can improve flexibility.
Protection framework
Understand applicable deposit protection rules.
FAQ
Frequently asked questions
What is an FD?
A fixed deposit places money for a tenure at a stated interest rate, subject to issuer terms.
Cumulative vs non-cumulative?
Cumulative reinvests interest to maturity; non-cumulative pays interest at intervals.
Are FD rates permanent?
No. Published rates change and should be verified before booking.
Should I put everything in one FD?
Not always. Laddering across tenures can improve liquidity management.
FD consultation
Let's review your fixed-income requirement.
Tell us your amount, tenure need and whether you want growth or income.